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Live Reporting

By Dan Macadam

All times stated are UK

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  1. Good night!

    That's all we have time for today on Business Live - thanks for reading. We are back at 06:00 on Tuesday - after the Bank Holiday - so do join us then.

  2. Wall Street dips

    US stocks finished the day marginally lower as investors puzzled over Janet Yellen's delphic interest rate comments.

    The chairwoman of the US Federal Reserve said the case had "strengthened" for a rate rise, but was silent on when that might be.

    The Dow Jones dipped 0.3% to 18,395, and the S&P 500 ended 0.2% lower at 2,169. But the Nasdaq finished 0.1% higher at 5,219. 

  3. 'First Apple computer' sells at auction

    Prototype Apple 1

    One of the first prototype Apple computers has been sold at auction for $815,000. 

    Apple co-founders Steve Jobs and Steve Wozniak built just 200 of the prototype Apple 1 in 1976.

    It's seen as a holy-grail item in electronics memorabilia. One computer historian said it is "one of the first, if not the first ever" Apple computer.

    Auctioneer Charitybuzz said 10% of the proceeds will go to the Leukemia and Lymphoma Society, based in New York.  

    For the full story click here.

  4. Suitors circle Fiat Chrysler's car parts business

    Fiat logo

    Fiat Chrysler says it's been approached by several suitors for its huge car parts business, Magneti Marelli .

    However, the boss of the Italian-American carmaker wouldn't say who they were, nor confirm whether Samsung was one of the potential bidders. 

    A report earlier this month suggested the Korean electronics giant could buy all or part of Magneti Marelli. 

    The components business, which is in 18 countries, had revenue of €7.2bn last year, of which more than a third came from sales to Fiat Chrysler.  

  5. Pink 'Un arrives

    The Financial Times leads on Janet Yellen's rate rise speech. It also reckons that a deal to create the world's biggest brewer will bring a £2bn windfall for advisers and the taxman.

    View more on twitter
  6. Apple, Coke and Facebook sign equal pay pledge

    President Barack Obama

    The companies are among 29 firms that signed up to the White House Equal Pay Pledge today.

    The agreement seeks to reduce the wage gap between men and women through steps like an annual review of pay by gender and testing for unconscious bias.

    But the pledge, now signed by more than 50 companies, stops short of companies promising to pay men and women equally for equal work.  

  7. 30-hour week?

    Amazon logo

    Amazon is looking at a pilot programme where workers will only clock 30 hours a week. The online retailer will let roughly a dozen employees log the reduced hours at 75% the typical salary, while retaining all their benefits. 

    But they're by no means the first. In Sweden last year, there was something of a revival for the six-hour working day. 

    There were also a handful of trials in the country's public sector in the 1990s and early 2000s, but many were scrapped amid a lack of raw data to measure the success.

  8. Oil touches $50 a barrel

    Oil pump

    Brent crude, the international benchmark, rose about 50 cents shortly after Janet Yellen's speech earlier to go past $50 a barrel. 

    It's since fallen back to about $49.90 a barrel - still 22 cents higher on the day. Oil tends to rise when the dollar falls as a weak dollar makes crude imports cheaper for holders of other currencies. 

    The US dollar dropped minutes after Yellen's speech was published, but is now making modest gains. It's currently 0.5% higher against the pound at 76p.

    The oil price has been yo-yoing around the $50 mark this week after recovering strongly on hints oil producers might cap output.

  9. The football signing who'll never kick a ball

    Video content

    Video caption: Meet the Premier League's first e-sports player

    Sean Allen - also known as Dragonn - is the Premier League's first professional e-sports player. 

    He signed a deal to represent West Ham United, playing Fifa in video game tournaments.

    The BBC's Rory Cellan-Jones met him to find out what life is like as a professional Fifa player.

  10. Wall Street update

    Janet Yellen's cautiously upbeat comments about the US economy is not making much impact on Wall Street.

    Stocks were mostly lower in afternoon trading, giving up modest gains at the start of trading.

    Phone companies and utilities, widely considered safe-play stocks, led the list of decliners, while healthcare stocks rose. 

    The Dow Jones was down 0.3%, and the S&P 500 slipped 0.2%. The Nasdaq dipped 0.1%.

  11. Cookie d'oh

    Cookie dough ice cream

    Tubs of one of Ben & Jerry's best-known ice creams are being recalled over fears they may contain small pieces of metal. 

    Four batches of the ice cream are thought to be affected and customers are being asked to check batch numbers printed at the bottom of their pots. 

    The company said customers should throw the tubs away if they have batch codes L62110L011, L62111L011, L62112L011 or L62113L011.

  12. PwC confirms settlement

    PwC office

    A spokesperson for PwC, the UK accountancy giant, has confirmed that a lawsuit being heard in a Florida court was "settled to the mutual satisfaction of the parties”.

    PwC was accused in the $5.5bn lawsuit of failing to spot a conspiracy which contributed to the collapse of US bank Colonial Bank and mortgage firm Taylor, Bean and Whitaker.

  13. Branson's 'life flashed before his eyes'

    Richard Branson

    A bit more on Sir Richard Branson's bike crash, in which he flew off head first after hitting a bump in the road on the Caribbean island of Virgin Gorda.

    "My life was literally flashing before my eyes," he wrote. "I really thought I was going to die. I went flying head-first towards the concrete road, but fortunately my shoulder and cheek took the brunt of the impact, and I was wearing a helmet that saved my life." 

    Branson traveled to Miami to receive medical treatment. He said he was really lucky to have not suffered more serious injuries. 

    "My biggest hardship is having to drink tea out of a straw," he said. 

  14. Prada seeks younger customers

    Prada model

    Italian luxury fashion group Prada has predicted a return to growth as it seeks to connect with younger customers through online sales and flexible pricing.

    Prada said it was on track to double its e-commerce sales over the next two years. It will also expand its social media activities so it can raise its profile among "the 'always connected' millennials," referring to the 20s-30s age group. 

    The company added it was working on a "potential launch of 'shoppable' content with selected key items on Instagram".

    Prada's first half profits fell 25% to €330m (£282m) due partly to falling demand in China and Italy. But Prada said it saw 2016 as "a turning point".

  15. PwC 'settles $5.5bn lawsuit'

    Accountancy giant PwC has settled a lawsuit accusing the firm of failing to detect a fraud that led to one of the biggest US bank collapses, according to reports. 

    The $5.5bn lawsuit claimed PwC should have detected massive fraud at Colonial Bank of Montgomery, Alabama, according to Associated Press. The suit claimed the estimated $21bn fraud was orchestrated by top executives at the shuttered mortgage firm Taylor, Bean and Whitaker.  

    The case went to trial in Miami earlier this month and was expected to last six weeks

  16. BreakingFTSE gains after Yellen speech

    The FTSE 100 has finished 0.3% higher at 6,838 points. It had been bumping along for most of the day at about 6,820 but gained after Federal Reserve chairwoman Janet Yellen said the case for a US rate rise had "strengthened". 

    Mining stocks - which were already doing well before Yellen's speech - dominated the leader board. Rio Tinto, BHP Billiton and Glencore all rose more than 3%.

    Drugmakers were among the biggest fallers again, as a price-hike controversy in the US continues to infect European healthcare stocks.

    The FTSE 250 of mid-cap UK firms also gained 0.3% at 17,931.

  17. 'Beating heart' of London

    A UCL researcher, Oliver O’Brien, has taken data from the London Underground to produce this mesmeric graphic of the city's millions of journeys.

    It shows the number of people exiting and entering tube stations every 15 minutes. Stations have a green dot when there's a net number of people leaving, and red when more people are entering.

    The clip is from the morning, when, as you’d expect, the Tube lines ‘pulse’ during the rush hour. Click the map to stop if it starts messing with your eyes...

    View more on twitter